Telstra 2 Shares

Are you selling your Telstra 2 Shares that you bought in the 2nd offer in October 1999?

The original installment for public applicants was $4.50 on the 15/10/1999.

The second and final installment of $2.90 was on the 2/11/2000.

The total purchase price being $7.40 for the two installments being bought on the 15/10/1999.

Telstra 3 Shares

The Telstra T3 consisted of an initial payment of $2.00 per share, with shares allotted on 24th Nov 2006, followed by a final instalment payment of $1.60 per share by 29th May 2008. On 10th June 2008, shareholders are issued with ordinary Telstra Shares (TLS).

In addition, eligible shareholders who have held their instalment receipts since issue, are issued a bonus share for every 25 they hold.

Because of the bonus shares, the purchase price of each share is reduced to $3.46 per share, the calculation on 1,000 shares plus the 40 bonus shares would be, $3,600 / 1040 shares = $3.46 per share.

Prepayments of the final installment were available on the Telstra 3 shares, if prepayments were made then the final installment was discounted to $1.30 per share, the bonus share was still issued. So based on the 1,000 shares in the first example, the cost base will be $3.17 per share, $3,300 /1040 shares = $3.17 per share.

Where would I be able to get a copy of my
final payment for first installment form for T2 shares that I have sold, I have the final payment notice for the final instalment. I have contacted Link market services they can’t help as they have no information copy of paper work on the first instalment payment of $4.50

About Us

Established in June 1996, Registered Tax Agents and Accountants, Highland Accounting Services are located in Adelaide’s north eastern suburb of Gilles Plains.We specialise in preparing income tax returns, giving small business advice, rental property advice, GST advice and the preparation of business and installment activity statements.We are a small Tax Accounting practice consisting of a full time accountants plus receptionist, our aim is to provide a friendly service at a reasonable cost. We pride ourselves at being accessible to our clients.